Tip Toe Hippo works with a minimum starting balance of $1000. The algorithm does not use martingale and grid strategies. The developers promise that they have developed the EA using more than 20 years of experience in the financial markets. There are many promises on the website where the providers claim that the expert advisor has superb performance. Let us go through the product and see if it is profitable.
Is Tip Toe Hippo good?
Tip Toe Hippo is not worth purchasing. It does not provide backtesting records and fails to impress us with live results.
Features of Tip Toe Hippo
FXCipher EA has the following features:
- It has a 30-day money-back guarantee.
- There are multiple live records available on the tracking website.
- No martingale and grid strategies are involved.
- Traders only require $1000 for it to work.
|Money Refund||30 days|
What strategy does Tip Toe Hippo use?
The developer does not share any information on the game plan except for the fact that the EA does not use martingale and grid strategies. From the history on Myfxbook, we can see that the robot trades on indices such as GER30 and US30. It uses a virtual stop loss to take profit for trades and holds them for an average of 14 hours and 52 minutes.
Backtesting vs live trading results
The developers provide no backtesting records. This could mean that the robot might have failed during historical testing. The providers are therefore afraid to share the outcome with traders as it would decrease their sales. Such sort of practice is common amongst many vendors who claim to have a holy grail system in the market.
Live trading results are available on Myfxbook, which show performance from May 09, 2021, till the current date. The robot had an average monthly gain of 5.67%, with a drawdown of 5.87%. There were 182 trades in total, with 5104.40 lots traded. The expert advisor traded with a winning rate of 52% with a profit factor of 1.65. The average winning trade was $154.73, while the worst one was -$102.63.
These results are for a short duration which can not prove that the algorithm is profitable. Some months go down in the negative, showing that the robot can suffer a loss. This goes against the claim on the website that guarantees a 5% a month.
The core team
The developers provide their names as Norm, Dylan, Max, and Grant. They refuse to provide us with their portfolios which could verify the claim of having more than 20 years of experience in the markets. This is a shady practice that raises some red flags over the authenticity of their product.
There are also no customer reviews present on Forex Peace Army that could highlight the viewpoint of other traders on their robot.